This is a session at Innov8rs Bangkok, 23 – 24 January 2019

How To Measure And Fund Innovation

The standard accounting system of a company is only able to record what has happened (good or bad). Iterative methodologies such as lean and agile prevent bad outcomes, hence avoid cost. So how should a company record something that hasn’t happened? Management is typically worries about investing in innovation, unless they are absolutely confident that the final product will generate revenue for the company. They will ask every question imaginable to make a decision, leading in most cases to companies only investing in sure bets. This tension between the manager and the innovator is all about the fear of failing.

Dan Toma

The Corporate Startup

Dan comes from an entrepreneurial background – he has been involved with technology startups across the world. Puzzled by the questions ‘why are innovative products mainly launched by startups?’, he focuses on enterprise innovation strategy – specifically on the changes blue-chip organizations need to make to allow for new ventures to be built in a corporate setting.

In this capacity he worked with companies like Deutsche Telekom, Bosch, Jaguar Land Rover, Bayer, John Deere or Allianz. Dan has also worked with various government bodies, in Asia and Europe, helping to develop national innovation ecosystems and implement national innovation strategies.